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Fact Sheet

The National Bank of Ras Al Khaimah (ADX: RAKBANK) is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to Retail and Small Business Banking. In line with its strategy to take advantage of opportunities that enhance revenue and market share, the Bank increased its lending in the traditional SME, Commercial and Corporate Banking segment, and more recently it selectively re-entered the Corporate Banking space and acquired a majority stake in RAK Insurance in mid-2015 to diversify our product offering and better serve the needs of our customers. 

 

RAKBANK offers a wide range of Conventional products and services to individuals and businesses across the UAE throughout its 38 branches and its Digital Banking. The Bank also provides a range of Sharia-compliant products and services through its RAKislamic Division. 

 

Executive Management


Peter England
Chief Executive Officer


Deepak Majithia
Chief Financial Officer
 

K.S. Ramakrishnan (Ram)
Chief Risk Officer
 

Mahadevan Radhakanthan
Chief Credit Officer 


Geoff Stecyk
Chief Operating Officer
 

Frederic de Melker
Managing Director, Personal Banking 
 

Dhiraj Kunwar
Managing Director, Business Banking
 

Rahul Oberoi
Managing Director, Wholesale Banking


Vikas Suri
Managing Director, Treasury


Nabil Azar,
Director, General Counsel and Company Secretary
 

Abdul Karim Juma
Director, Islamic Banking


Saleh Ali Saleh
Director, RAK Business

 

Board of Directors


H.E. Mohamed Omran Alshamsi, Chairman 
H.E. Sheikh Salem Bin Sultan Al Qasimi
Mr. Salem Ali Al Sharhan 
Mr. Ahmed Essa Al Naeem 
Mr. Ahmad Abdulkarim Julfar
Mr. Rajan Khetarpal 
Mr. Kantic Dasgupta

 

Fundamentals

Total number of shareholders 445 (as at  31.03.2018)
Year of listing  14.08.2005
Capital Stock  1,676,245,428
Share type      Equity shares
ISIN AEN000601015
Industry Banking
End of business year 31st December
Stock exchanges ADX
Year of foundation  1976
Rating Moody’s: January 2018 Baa1 / P-2 Stable  
 
Fitch: November 2017 BBB+ / F2 Stable  
 
Capital Intelligence: August 2017 A-/ A2 Stable  

Financial Calendar

May 02, 2018 Quarterly Conference Call with Arqaam Capital
April 29, 2018 Publication of Q1 Financial Results
March 14, 2018 Board Meeting
March 14, 2018 Annual General Meeting (AGM)
March 06, 2018 EFG Hermes One on One 2018
February 28, 2018 HSBC Saudi, MENAT & LATAM Equity Forum 2018 
February 05, 2018 Quarterly Conference Call with Arqaam Capital 
January 29, 2018 Board Meeting
December 17, 2017 Board Meeting
November 6, 2017 Quarterly Conference Call with Arqaam Capital
October 31, 2017 Board Meeting
October 23, 2017 Publication of Q3 Financial Results 
September 18, 2017 Arqaam Conference
September 17, 2017 Board Meeting 
July 31, 2017 Quarterly Conference Call with Arqaam Capital 
July 24, 2017 Publication of Q2 Financial Results

 

Shareholder Structure 

As at 31 March 2018
Source: ADX, RAKBANK

 Key Figures

AED millions FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Net Interest Income 2,233 2,466 2,757 3,048 2,825 2,723
Non- Interest Income  660 685 798 891 1,014 1,087
Total Income  2,893 3,150 3,555 3,939 3,839 3,810
Operating Expenditures (1,281) (1,379) (1,505) (1,479) (1,369) (1,446)
Operating Profit Before Provision for Impairment 1,612 1,771 2,050 2,461 2,471 (2,364)
Provision for Impairment (209) (341) (595) (1,055) (1,808) (1,553)
Net Profit 1,403 1,431 1,455 1,405 663 811

 

AED millions FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Total Assets 27,250 30,127 34,830 40,587 42,510 48,537
Gross Loans and Advances 20,608 22,355 25,806 28,543 29,779 33,235
Deposits 20,720 23,069 24,651 27,820 29,398 32,176

 

Ratios FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Return On Equity 27.0% 23.4% 22.2% 19.3% 8.7% 10.6%
Net Interest Margin  8.9% 8.6% 8.3% 8.0% 6.9% 6.1%
Cost to Revenue 44.3% 43.8% 42.3% 37.5% 35.6% 38.0%
Return On Assets 5.4% 5.0% 4.4% 3.7% 1.6% 1.8%
Coverage Ratio 62.8% 73.3% 87.1% 81.4% 84.3% 74.6%
Gross Impaired Loans Ratio 2.5% 2.4% 2.4% 3.2% 4.2% 4.0%
Lending to Stable Resources Ratio 90.3% 88.1% 88.2% 83.3% 85.5% 87.8%
Liquid Asset Ratio 14.7% 19.8% 20.0% 19.1% 16.9% 15.0%
Capital Adequacy Ratio 28.8% 29.0% 26.5% 24.4% 22.3% 20.3%
Tier One 28.8% 29.0% 26.5% 24.4% 22.3% 20.3%*

*Basel III Common Equity Tier 1 ratio at 20.7%. Basel II Capital Adequacy ratio as at 31 December 2017 at 20.3% against 22.3% compared  to the previous year, figures are after considering profit and proposed dividend.

 

The National Bank of Ras Al Khaimah (P.S.C.)
Mohamed Bin Zayed Road, Exit 129, Al Rifa Area
5300 Ras Al Khaimah
UAE

Phone: +971 7-206-2222
Fax: +971 7-234-5454
Email: administration@rakbank.ae
www.rakbank.ae

Contact Investor Relations
Zeina Sammakieh
Phone: +971 4 291 5545
Email: ir@rakbank.ae